US Stocks Forecast: Wall Street stocks soar


  • S&P 500 SPX gained 74.35 points, or 1.70%.
  • Nasdaq Composite IXIC gained 248.97 points, or 1.71%.
  • The DJI rose 532.21 points, ending up 1.55%.

US stocks charged higher on Thursday on strong earnings from companies including Morgan Stanley and UnitedHealth. Additionally, US data came in contrary to the inflation theme as well, cooling fears of stagflation. 

As for the performance of the benchmarks, the S&P 500 added 74.35 points, or 1.70%, to end at 4,438.15 points, while the Nasdaq Composite climbed 248.97 points, or 1.71%, to 14,824.90. The Dow Jones Industrial Average DJI gained 532.21 points, or 1.55%, to 34,910.02. As for industry performaces, the technology sector was the strongest in the S&P with giants Microsoft Corp MSFT and Apple Inc AAPL climbing. Individual shares in the financial bloc, Citigroup C, Bank of America Corp BAC and Morgan Stanley MS were firmer following results that were released that topped quarterly earnings estimates.

US data dials down inflation nerves

Meanwhile, US data showed the number of Americans filing new claims for unemployment benefits last week fell close to a 19-month low, and a separate report showed producer prices eased in September to the lowest level this year as airline passenger service costs plunged. The seasonally adjusted PPI rose 0.5%, compared with a 0.7% gain in August, the Bureau of Labor Statistics said Thursday. The latest print was the lowest since December.

SP 500

Overview
Today last price 4444.2
Today Daily Change 78.90
Today Daily Change % 1.81
Today daily open 4365.3
 
Trends
Daily SMA20 4380.32
Daily SMA50 4438.88
Daily SMA100 4369.76
Daily SMA200 4172.94
 
Levels
Previous Daily High 4374.8
Previous Daily Low 4329.2
Previous Weekly High 4430.8
Previous Weekly Low 4278.4
Previous Monthly High 4550.75
Previous Monthly Low 4304.4
Daily Fibonacci 38.2% 4357.38
Daily Fibonacci 61.8% 4346.62
Daily Pivot Point S1 4338.07
Daily Pivot Point S2 4310.83
Daily Pivot Point S3 4292.47
Daily Pivot Point R1 4383.67
Daily Pivot Point R2 4402.03
Daily Pivot Point R3 4429.27

 

 

 

 

 

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